Key PointsThe AI trade is rotating from hype-driven “builders” to profit-driven “adopters,” as investors demand real revenue and margins instead of just narrative.
Key PointsThe AI trade is rotating from hype-driven “builders” to profit-driven “adopters,” as investors demand real revenue and margins instead of just narrative.
DHS Shutdown Now The Longest In US History Authored by Jacki Thrapp via The Epoch Times, The partial shutdown of the Department of Homeland Security (DHS) became the longest in U.S. history on March 29. The DHS shutdown reached its 44th day on Sunday, breaking the previous record set during the U.S. government shutdown in the fall of 2025. Republican and Democratic lawmakers on Capitol Hill have b...
DHS Shutdown Now The Longest In US History Authored by Jacki Thrapp via The Epoch Times, The partial shutdown of the Department of Homeland Security (DHS) became the longest in U.S. history on March 29. The DHS shutdown reached its 44th day on Sunday, breaking the previous record set during the U.S. government shutdown in the fall of 2025. Republican and Democratic lawmakers on Capitol Hill have blamed each other for the standstill while tossing a dizzying array of proposals through the halls of Congress that have not successfully moved forward. Republicans criticized Democrats for not advancing their DHS spending bills as Democrats said they will not approve the funding bill until they are guaranteed to see an overhaul in how immigration operations are handled. The House passed a stopgap plan to fund the DHS for 60 days on March 27 with a 213–203 vote. The bill was sent to the Senate, which just went on a two-week recess. Sen. Mike Lee (R-Utah) has urged his colleagues to return to Washington and end the DHS shutdown. “If you don’t want to fight fires, don’t become a firefighter,” Lee said during an interview on Fox News. “If you don’t want to take grueling votes at difficult hours and sometimes have to work longer than you want to, maybe you shouldn’t become a United States senator.” The short-term bill to fund the entire DHS passed the House after Speaker Mike Johnson (R-La.) rejected the Senate’s measure that would have funded most of the department, aside from its immigration enforcement operations. “We hope that someday Democrats finally come to their senses again and put the safety of American citizens first but we’re not holding our breath,” Johnson said during a press conference on Saturday. Senate Minority Leader Chuck Schumer (D-N.Y.) said he would not support the House’s bill that passed on Friday night. “A 60 day CR that locks in the status quo is dead on arrival in the Senate, and Republicans know it,” Schumer wrote in an X post. “We’ve been clear from...
Evgenii Mitroshin/iStock via Getty Images Investment Approach Fidelity® Select Utilities Portfolio is a sector-based, equity-focused strategy that seeks to outperform the benchmark through active management. Within the utilities sector, we favor companies with durable earnings growth that are trading at reasonable valuations. We are looking for companies that operate in favorable regulatory jurisd...
Evgenii Mitroshin/iStock via Getty Images Investment Approach Fidelity® Select Utilities Portfolio is a sector-based, equity-focused strategy that seeks to outperform the benchmark through active management. Within the utilities sector, we favor companies with durable earnings growth that are trading at reasonable valuations. We are looking for companies that operate in favorable regulatory jurisdictions, as we believe a constructive relationship between the regulator and the utilities is very important. Our investment approach focuses on finding companies that are mispriced given their underlying growth and return profile. These opportunities usually exist because investors underestimate the durability of long-term growth. Long-term growth in the sector comes from deploying capital at attractive rates of return. Given the high amount of capital needs in the sector, balance sheet management is extremely important. We look for utilities that run their balance sheet prudently and are judicious around issuing equity. Fund Information Manager(s): Pranay Kirpalani Trading Symbol: FSUTX Start Date: December 10, 1981 Size (in millions): $3,680.85 Morningstar Category: Fund Utilities The value of the fund's domestic and foreign investments will vary from day to day in response to many factors. Stock values fluctuate in response to issuer, political, regulatory, market, or economic developments. You may have a gain or loss when you sell your shares. Investments in foreign securities, especially those in emerging markets, involve risks in addition to those of U.S. investments, including increased political and economic risk, as well as exposure to currency fluctuations. Because FMR concentrates the fund's investments in a particular industry, the fund's performance could depend heavily on the performance of that industry and could be more volatile than the performance of less concentrated funds and the market as a whole. The fund is considered non-diversified and can invest a...
Hartford Funds and Ned Davis Research dug into the historical data on dividend stocks by their policy. They found that over the last 50 years, dividend growers and initiators in the S&P 500 have delivered significantly higher total returns (10.2% annualized) than companies that didn't increase their dividends (6.8%) or that don't pay dividends (4.3%). This historical data suggests you'll want to i...
Hartford Funds and Ned Davis Research dug into the historical data on dividend stocks by their policy. They found that over the last 50 years, dividend growers and initiators in the S&P 500 have delivered significantly higher total returns (10.2% annualized) than companies that didn't increase their dividends (6.8%) or that don't pay dividends (4.3%). This historical data suggests you'll want to invest in dividend growth stocks. Buying exchange-traded funds (ETFs) is an easy way to invest in dividend growers. Here are three top options to consider. Image source: Getty Images. Continue reading
The Israeli police prevented Catholic leaders from entering the Church of the Holy Sepulchre to celebrate mass on the Christian holiday of Palm Sunday for the first time in centuries, the Latin Patriarchate said on Sunday. Jerusalem’s major holy sites, including the church, are closed because of the continuing war in Iran, as the city has come under frequent fire from Iranian missiles. The Catholi...
The Israeli police prevented Catholic leaders from entering the Church of the Holy Sepulchre to celebrate mass on the Christian holiday of Palm Sunday for the first time in centuries, the Latin Patriarchate said on Sunday. Jerusalem’s major holy sites, including the church, are closed because of the continuing war in Iran, as the city has come under frequent fire from Iranian missiles. The Catholic Church called the police decision “a manifestly unreasonable and grossly disproportionate...
Sally Anscombe/DigitalVision via Getty Images Goldman Sachs’ Tony Pasquariello laid out a mixed near-term outlook for equities, arguing that while positioning and sentiment support a tactical bounce, broader risks remain tilted to the downside. He called the Iran conflict the "ultimate jigsaw puzzle for market participants" that can be summed up in four words: "the tails are fat." On the bullish s...
Sally Anscombe/DigitalVision via Getty Images Goldman Sachs’ Tony Pasquariello laid out a mixed near-term outlook for equities, arguing that while positioning and sentiment support a tactical bounce, broader risks remain tilted to the downside. He called the Iran conflict the "ultimate jigsaw puzzle for market participants" that can be summed up in four words: "the tails are fat." On the bullish side, Pasquariello noted that sentiment across the professional trading community has turned broadly bearish, with systematic and discretionary investors already reducing exposure. Commodity trading advisors have cut significant equity length, while discretionary funds have built sizable index short positions. At the same time, technical indicators such as the relative strength index for the S&P 500 ( SPY ) ( IVV ) ( VOO ) and Nasdaq ( QQQ ) have fallen to levels not seen since last April, suggesting markets may be oversold. He also pointed to the potential for a deal framework to emerge based on recent news flow. However, Pasquariello said the bearish case remains compelling. He highlighted a lack of clear capitulation outside of fast-money accounts and argued that equities have not fully reflected what he described as the largest oil shock in history. Signals from physical commodities markets and global bond markets also point to underlying stress, while the intensity of the geopolitical conflict has yet to ease in a sustained way. Taken together, Pasquariello said market technicals appear more balanced, but macro risks continue to skew negative. He expects continued volatility, with sharp moves in both directions, and sees downside asymmetry outweighing upside potential. His conclusio n: investors should simplify risk, raise cash and remain positioned to re-enter markets once conditions stabilize. More on the markets A Strong Jobs Report May Be Bad News For The Market The 1-Minute Market Report, March 29, 2026 You Survived Q1 2026, Now It's Time To Breathe And Prepare For...
(RTTNews) - Merck (MRK) announced detailed results from the Phase 2 CADENCE study, which evaluated the efficacy, safety, and tolerability of two doses (0.3 mg/kg and 0.7 mg/kg) of WINREVAIR (sotatercept-csrk). The trial focused on adults with the syndrome of combined post- and pr
(RTTNews) - Merck (MRK) announced detailed results from the Phase 2 CADENCE study, which evaluated the efficacy, safety, and tolerability of two doses (0.3 mg/kg and 0.7 mg/kg) of WINREVAIR (sotatercept-csrk). The trial focused on adults with the syndrome of combined post- and pr
If the strait stays closed, the world will have to dramatically reduce its oil and gas consumption — but not before prices spike to a level that forces us to fly, drive and spend much less.
If the strait stays closed, the world will have to dramatically reduce its oil and gas consumption — but not before prices spike to a level that forces us to fly, drive and spend much less.
Five years of brutal conflict have made the army more determined to crush opposition, and others more convinced they must resist China promoted elections in Myanmar , while those fighting for democracy boycotted them. That tells you everything about the shift to a supposedly civilian administration in the coming days, five years after the military seized power in a coup. It appears likely that Min...
Five years of brutal conflict have made the army more determined to crush opposition, and others more convinced they must resist China promoted elections in Myanmar , while those fighting for democracy boycotted them. That tells you everything about the shift to a supposedly civilian administration in the coming days, five years after the military seized power in a coup. It appears likely that Min Aung Hlaing will swap his leadership of the army for the presidency . Whatever the details, the junta will still be running the show, and bombing civilians – just while cosplaying as democrats. Myanmar’s suffering has been overshadowed by higher-profile wars. But the conflict-monitoring organisation Acled estimates that about 93,000 people have been killed since 2021, while the UN says that 3.6 million are displaced. The junta does not control much of the country, limiting where polls could be held. The opposition refused to take part, and others were excluded from voting because they are denied citizenship . Little wonder the main military-backed party declared a landslide victory – despite having won just 6% of the vote in a 2020 election. Continue reading...
If you have had a heavy artificial intelligence (AI) position over the last year or two, it probably included many of the same names: Nvidia , Advanced Micro Devices, Microsoft , a few hyperscalers, and maybe some software-as-a-service (SaaS) plays that had "AI" somewhere in the investor deck. Back then, if a CEO or someone on an earnings call whispered "AI implementation," it felt like the stock ...
If you have had a heavy artificial intelligence (AI) position over the last year or two, it probably included many of the same names: Nvidia , Advanced Micro Devices, Microsoft , a few hyperscalers, and maybe some software-as-a-service (SaaS) plays that had "AI" somewhere in the investor deck. Back then, if a CEO or someone on an earnings call whispered "AI implementation," it felt like the stock would rocket 15% overnight. Today, if you've been paying attention, the list of trendy AI stocks looks different. As a result, some AI positions are down significantly . Some of the things you didn't own are up. The rotation away from AI began quietly. In early 2026, investors began asking a question the market had avoided for two years: if AI is going to reshape every industry (i.e., will AI steal my job?), why are companies that are being reshaped trading at the same multiples as those doing the reshaping? In other words, why are some of these massive private and public AI companies fundamentally unprofitable, burning massive amounts of cash on compute, while real customer demand and revenue don't justify the costs? Continue reading
The US health secretary says he is a big fan of peptides. Many are promising drugs, but the only way to know their utility is proper clinical trials Robert F Kennedy Jr, the US health secretary, is a chaotic person, but his Make America Healthy Again (Maha) agenda tends to follow a predictable logic. Large-scale, mandatory public health interventions – such as childhood vaccine requirements – are ...
The US health secretary says he is a big fan of peptides. Many are promising drugs, but the only way to know their utility is proper clinical trials Robert F Kennedy Jr, the US health secretary, is a chaotic person, but his Make America Healthy Again (Maha) agenda tends to follow a predictable logic. Large-scale, mandatory public health interventions – such as childhood vaccine requirements – are generally treated with suspicion and undermined. Personal choice – to drink unpasteurised milk, for example – is to be unleashed, and unburdened by regulation. In theory, Maha promises freedom and autonomy; in practice it tends to replace the precautionary principle with exhortations for individuals to “do your own research”, and sidelines scientific expertise in favour of “wellness” hucksters and profiteers. This is particularly obvious in Mr Kennedy’s recent claims that he will open up the sale of “about 14” injectable peptide drugs to the public. Peptides are molecules often used by our bodies for sending signals – so there are many kinds of peptides, and the safety and efficacy of each is a separate question. The widely used “weight-loss jab” drugs are peptides but so are the toxic compounds in snake venom that dissolve living cells. Mr Kennedy is likely to be referring to a subset of 17 peptides restricted by the US Food and Drug Administration (FDA) in 2023 due to “potential significant safety risks”. None have been proved to be safe or effective for human use, so there is no clear argument for reversing the decision. Continue reading...
Sale 26-31 Bath Bath close to point of Prem leaders Northampton The reservoir of talent at Bath runs deep. The reigning champions rested a raft of key men but ultimately had too much class for a Sale side whose season continues to unravel at a rate of knots. Johann van Graan’s men conjured two tries in the final quarter, including when their 20-year-old hooker Kepu Tuipulotu sent a delightful kick...
Sale 26-31 Bath Bath close to point of Prem leaders Northampton The reservoir of talent at Bath runs deep. The reigning champions rested a raft of key men but ultimately had too much class for a Sale side whose season continues to unravel at a rate of knots. Johann van Graan’s men conjured two tries in the final quarter, including when their 20-year-old hooker Kepu Tuipulotu sent a delightful kick down the left channel for fellow replacement Bernard van der Linde to saunter clear. Continue reading...
Exchange-traded funds are designed to be building blocks that are easy to put together. You can find stock-focused ETFs of all kinds, which you can mix and match to customize your own particular exposure to stocks. You can then pepper in ETFs containing other types of investments, including bonds, commodities, cryptocurrencies, or just about any asset class you can think of. Some investors, though...
Exchange-traded funds are designed to be building blocks that are easy to put together. You can find stock-focused ETFs of all kinds, which you can mix and match to customize your own particular exposure to stocks. You can then pepper in ETFs containing other types of investments, including bonds, commodities, cryptocurrencies, or just about any asset class you can think of. Some investors, though, would prefer to have a single ETF that would handle all of their investment needs for them. This led the fund management industry to come up with multi-asset ETFs with portfolios that include not just stocks but a broader range of investments. As the Voyager Portfolio closes its month-long look at exchange-traded funds, it's time to turn our attention to one such fund, the State Street Bridgewater All Weather ETF (NASDAQ: ALLW) . Image source: Getty Images. Continue reading
With one game to go until Thomas Tuchel picks his England World Cup squad, BBC Sport reporters choose their starting XI's for the summer. Who would you pick?
With one game to go until Thomas Tuchel picks his England World Cup squad, BBC Sport reporters choose their starting XI's for the summer. Who would you pick?
MarioGuti/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify Weak March jobs could mean a worst-case scenario for stocks. (0:17) Nike earnings and China demand outlook could sway consumer stocks. (1:22) Iran conflict escalates as oil prices rise , military plans advance . (2:14) The following is an abridged transcript: It’s a holiday-shortened week on Wall Street. Mar...
MarioGuti/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify Weak March jobs could mean a worst-case scenario for stocks. (0:17) Nike earnings and China demand outlook could sway consumer stocks. (1:22) Iran conflict escalates as oil prices rise , military plans advance . (2:14) The following is an abridged transcript: It’s a holiday-shortened week on Wall Street. Markets will be closed Friday in observance of Good Friday. But because it’s not a federal holiday, the March employment report will still be released. Economists expect nonfarm payrolls to have risen by 56K last month, with the unemployment rate holding at 4.4% and average hourly earnings up 0.3%. SA analyst Damir Tokic says every labor and inflation report will take on added importance as long as the war with Iran continues and oil prices remain elevated, with a particular focus on the Fed’s reaction function. “The market is starting to price a hike in 2026,” he noted, “which means participants believe the Fed could be forced to tighten despite a weakening labor market — a worst-case scenario for equities .” Pantheon Macro says the still-restrained pace of layoffs argues against further deterioration in the labor market for now, even though hiring remains weak. The firm notes that high-frequency measures such as Indeed and LinkUp job postings have held steady at low levels during the conflict — but that could change if higher gasoline prices begin to weigh more heavily on consumer spending. On the corporate front, Nike ( NKE ) headlines earnings on Tuesday. Its outlook on China demand and broader consumer trends could have read-through for names such as Starbucks ( SBUX ) and Estée Lauder ( EL ). Analysts expect Nike to post EPS of $0.28 on revenue of $11.2B. Over the past 90 days, estimates have seen three upward revisions and four downward ones. SA analyst Sandeep Gupta, who rates the stock a Strong Buy, says that if gross margins improve sequentially — or if management st...